Replies to post #209520 on KAT Exploration Inc (KATX)

[gump90]

There is no point in debating what is right and what is wrong and what is legal and what isn't because it can never be proven. This is here and this is now -- some say KATX was horribly Naked Shorted and a lot of the short shares remain to be covered now. This is so much BULL !!! The ' System ' is not short to the Retail players. If you want physical shares you can arrange to get them any time. And at the Depository there is no short position - COLLECTIVELY. There NEVER is. Individual brokers can be short but all the positions are known because audits are always done and the books always balance.

[eelfland]

In some cases, it may be technically illegal, but if nobody knows about it, it doesn't matter. In most cases, the guys who make the rules also make the laws, so it's not illegal. It's simply the way the business gets done. It's called "maintaining an orderly market." If you don't like it, every time you buy a stock, have it "registered and shipped." Then place the certificate in a safe place. It will cost you extra, but it's the only way you can know that people aren't playing around with your stock while you're not looking, loaning it to each other, making their books look bigger, borrowing against it, etc.

With KATX, you could take your certs and use them as toilet paper.